r/MSTR

Hello Reddit MSTR

I’ve rarely seen such polarized opinions on a single stock as with MSTR.
On one side, people call it a scam, a Ponzi, or something that will go straight to zero in the next few years.
On the other, they see it as one of the most innovative pieces of financial engineering around … in plain: a way to get leveraged Bitcoin exposure without the risk of a margin call.

I’m curious where you land on this in practice:
What percentage of your total crypto-related exposure is in MSTR (vs. spot BTC or other BTC proxies)?

A lot of people I know are still heavily in BTC and only lightly in MSTR (or not at all). At the same time, a few friends have sold most or all of their BTC to go fully into MSTR.

How are you allocating, and what’s the reasoning behind the size of your MSTR position?

Thanks for sharing your thinking!

Ray

I'm bullish on btc and this seems like a no brainer dividend. Convince me or dissuade me to go all in... I would really appreciate it and thanks so much

Hey MSTR investors and followers

In the last cycle MSTR was usually running ahead of Bitcoin. The premium was expanding hard and the stock was making its big moves or local tops before BTC even finished topping. A lot of people remember 2024 where MSTR was leading and then the mNAV compressed later while BTC was still grinding higher.

Now looking at the next big cycle most people talk about 2028 after the halving into 2029, do you think MSTR peaks ahead of BTC again?

Couple questions:
• Do you think the mNAV premium expands hard again like it did in 2024 or is that less likely now?
• If BTC tops somewhere in 2028-2029 do you see MSTR making its high earlier than Bitcoin itself?
• Or has all the preferreds and the bigger debt stack and constant issuance changed it so MSTR just lags or tracks BTC more this time?
• Anyone watching specific mNAV levels for MSTR vs BTC in the next run?

Curious what people who were around in 2024 think for 2028. Not really looking for exact price targets more if the “MSTR peaks first” pattern still holds or not.

Greetings
Ray

The decision is expected to be announced by 16 October 2026.

Hello Strategy Investors on Reddit

Been thinking about this a lot lately. Saw that data from On-Chain Mind where even after MSTR ran more than 70% off the lows (the $80 area), the mNAV was still only in like the 6th or 7th percentile of its whole history. Price recovered a ton but the multiple barely moved. That stuck with me.
I get why people are waiting for sub-100 again. Feels safer. But I’m starting to doubt it actually comes back. The company structure is different now with all the preferred stuff and how they raise capital. What if we just never see those prices again and then it starts grinding through 300, 400, 600 while a lot of us are still sitting on the sidelines waiting for the perfect dip that doesn’t show up?

My plan right now is still adding when it dips while this percentile stays low. Not trying to catch the exact bottom, just don’t want to be the guy who watched it run without having a decent position. My average is around 110 on a few thousand shares so I’m already in, but still open to adding more if we stay in this kind of range.

Curious what everyone else is doing though.
You still accumulating here or waiting for something lower?
Where do you actually stop buying? Price level, percentile, portfolio size, or something else?

You planning to sell some at certain levels or just ride it all the way through 2040?

And how are you thinking about the actual residual claim for common equity with all the preferreds and converts sitting in front of it?

Would rather hear real approaches than just “to the moon” or “it’s a scam.” What’s your thinking?

Greetings Ray

I know btc is quite in a strong position right now and I entered with around 35% of my dry powder at 130 but I'm still frozen like I'm in a Morton's fork, should I DCA every week for two months with that 65% remaining?

It seems like ASST is the better investment due to a better balance including less debt (convertible bonds). Is anyone considering this as option?

What’s your BTC AND MSTR targets for 2026/7/8/9